Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “buy” rating restated by Jefferies Group LLC in a research report issued to clients and investors on Tuesday. They currently have a $19.00 price objective on the semiconductor manufacturer’s stock. Jefferies Group LLC’s price objective points to a potential upside of 51.39% from the company’s current price.

Other analysts also recently issued research reports about the stock. Mizuho reiterated a “buy” rating and issued a $14.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 17th. Canaccord Genuity reiterated a “buy” rating and issued a $17.00 target price on shares of Advanced Micro Devices in a report on Friday, May 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 target price on shares of Advanced Micro Devices in a report on Monday, May 15th. BMO Capital Markets reiterated a “buy” rating and issued a $15.00 target price on shares of Advanced Micro Devices in a report on Monday, June 12th. Finally, Vetr downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $15.64 target price for the company. in a report on Wednesday, June 21st. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $13.98.

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Advanced Micro Devices (NASDAQ:AMD) opened at 12.55 on Tuesday. Advanced Micro Devices has a 1-year low of $5.66 and a 1-year high of $15.65. The stock’s 50 day moving average price is $12.96 and its 200-day moving average price is $12.86. The company’s market cap is $11.88 billion.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.16 billion. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) EPS. On average, analysts forecast that Advanced Micro Devices will post $0.10 earnings per share for the current year.

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In other news, SVP James Robert Anderson sold 20,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $14.19, for a total value of $283,800.00. Following the completion of the sale, the senior vice president now directly owns 442,363 shares of the company’s stock, valued at $6,277,130.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ahmed Yahia sold 80,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $12.84, for a total transaction of $1,027,200.00. Following the completion of the sale, the director now directly owns 182,941 shares of the company’s stock, valued at $2,348,962.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,847,415 shares of company stock valued at $21,024,000,023,836,800. 1.60% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in AMD. Nisa Investment Advisors LLC raised its holdings in shares of Advanced Micro Devices by 39.5% in the first quarter. Nisa Investment Advisors LLC now owns 11,300 shares of the semiconductor manufacturer’s stock valued at $164,000 after buying an additional 3,200 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in shares of Advanced Micro Devices in the first quarter valued at about $363,000. State Board of Administration of Florida Retirement System raised its holdings in shares of Advanced Micro Devices by 3.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 512,119 shares of the semiconductor manufacturer’s stock valued at $7,451,000 after buying an additional 18,250 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Advanced Micro Devices in the first quarter valued at about $330,000. Finally, Henderson Group PLC purchased a new stake in shares of Advanced Micro Devices in the first quarter valued at about $1,425,000. 59.15% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.